Royal Caribbean Cruises Ltd. Finalizes Pullmantur Purchase

Royal Caribbean Cruises Ltd. Finalizes Pullmantur Purchase

MIAMI, Nov. 14 -- Royal Caribbean Cruises Ltd. has completed its purchase of Madrid-based cruise and tour operator Pullmantur S.A. Closing documents were signed today in Madrid.

In August, Royal Caribbean Cruises Ltd. signed an agreement with Pullmantur's shareholders to buy all the company's capital stock. Last month, the company received regulatory approval for the acquisition.

"The Royal Caribbean Cruises Ltd. and Pullmantur partnership officially begins today and we could not be happier," said Richard D. Fain, chairman and chief executive officer of Royal Caribbean Cruises Ltd. "Together, we look forward to an exciting future of expanding our brands globally."

"We are very pleased to become a member of the Royal Caribbean family," said Alfonso Lopez Perez, general manager of Pullmantur. "Our united company is well positioned to provide our guests with a variety of cruising options throughout the world."

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International and Celebrity Cruises, with a combined total of 29 ships in service and six under construction. The company also offers unique land-tour vacations in Alaska, Canada and Europe through its cruise-tour division. Additional information can be found on www.royalcaribbean.com, www.celebrity.com or www.rclinvestor.com.

Source: Royal Caribbean Cruises Ltd.